Transradial Access Market Explosive Growth Seen for Key Business Segments || MEDTRONIC, Boston Scientific Corporation, Edwards Lifesciences Corporation
Global Transradial Access Market is expected to reach USD 2,061.79 Million by 2025 from USD 1,105.79 Million in 2017, at a CAGR of 8.2% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors driving the growth of this market are increasing cases of obese patient, rising number of heart problems, growing use of radial access in oncology field and technological advancements are the factors which will boost the global transradial access market.
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Market Segmentation: Global Transradial Access Market
- The global transradial access market is segmented based on product into six notable segments; sheaths and sheath introducers, mircrocatheters, guidewires, guiding catheters, intermediate catheters and accessories. In 2018, sheaths and sheath introducers market is likely to dominate market with 29.5% shares and is estimated to reach USD 643.9 million by 2025. It is growing at the highest CAGR of 9.1% in the forecast period.
- The global transradial access market is segmented based on application into three notable segments; neurovascular, cardiology, and peripheral vascular. In 2018, cardiology market will dominate with 46.6% shares and will consume around USD 999.66 million by 2025. It is growing at the highest CAGR of 8.8% in the assessment period.
- The global transradial access market is segmented based on usage into four notable segments; drug administration, fluid and nutrition administration, diagnostics and testing and blood transfusion. In 2018, the drug administration market is estimated to dominate market with 35.8% shares and will collect around USD 781.67 million by 2025, rising with the highest CAGR of 9.1%.
- The global transradial access market is segmented based on end user into four notable segments; hospital, clinics, ambulatory care centers and others. In 2018, hospitals market is expected to dominate market with 41.5% shares and is estimated to reach USD 893.28 million by 2025, growing at the highest CAGR of 8.9%.
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Key Drivers: Global Transradial Access Market
Some of the major factors driving the market for global transradial access are increasing cases of obese patient, rising number of heart problems, growing use of radial access in oncology field and technological advancements.
- Product recalls and failures are the factors which may hinder the growth of this market.
Key Points: Global Transradial Access Market
Cardinal Health is going to dominate the transradial access market followed by Stryker, CARDINAL HEALTH, Angiodynamics Inc., BD, Terumo Corporation, Teleflex Incorporated, Smiths Group plc, MEDTRONIC, Boston Scientific Corporation, Edwards Lifesciences Corporation, Merit Medical Systems Inc., NIPRO CORPORATION, Amecath, OSCOR Inc. and Penumbra among others.
- Sheaths and sheath introducers market is growing with the highest CAGR of 9.1%
- Drug administration market is driving the market with highest market share of 35.8%
- Sheaths and sheath introducers segment is dominating the transradial access market
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